Seven & i to hive off noncore assets to focus on convenience stores

TOKYO — Seven & i Holdings, the owner of the 7-Eleven convenience store chain, has vowed to increase its focus on its core convenience store business as it struggles to raise its corporate value. Alimentation Couche-Tard looming by Canadian convenience store operator.

The Japanese retail group announced Thursday that it will reduce stakes in a number of businesses outside its core department store operation as it reorganizes non-core businesses.